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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities    
Net loss $ (3,332) $ (7,584)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 902 27
(Gain) loss on sale of property and equipment 381 (513)
Change in fair value of liability (26) (135)
Stock-based compensation expense 222 1,991
Extinguishment of note payable (2,748)
Amortization of note discount 877 5,110
Termination of management agreements 364
Change in operating assets and liabilities    
Prepaid expenses and other current assets 63 (134)
Intangible digital assets 16 (22)
Management agreement termination liability (90)
Right of use asset 17 54
Operating lease liability (17) (56)
Other assets (2) 122
Accounts payable 457 250
Accrued expenses 122 50
Net cash used in operating activities (381) (3,224)
Cash Flows From Investing Activities    
Purchase of property and equipment (375) (556)
Proceeds from sale of property and equipment 439 431
Deposits made on property and equipment (38) (1,817)
Refund of security deposit 34
Net cash provided by (used in) investing activities 60 (1,942)
Cash Flows From Financing Activities    
Proceeds from SBA PPP loan 111
Proceeds from sale of common stock 525
Payment of deferred offering costs (70)
Proceeds from sale of stock under equity purchase agreement, net of issuance costs 4,842
Sale of preferred stock, net of issuance costs 1,990
Repayment of notes payable (210)
Proceeds from exercise of warrants 120
Warrant buybacks (14)
Net cash provided by financing activities 111 7,183
Net change in cash and cash equivalents (210) 2,017
Cash and cash equivalents, beginning of period 216 96
Cash and cash equivalents, end of period 6 2,113
Supplemental disclosure of cash flow information    
Cash paid for interest 3
Cash paid for income tax
Non-cash investing and financing activities    
Deemed dividend on warrant modification and beneficial conversion feature of preferred stock 1,005
Cumulative effect adjustment related to ASU adoption 3
Conversion of notes payable into common stock 929 2,147
Repayment of note payable and interest through the issuance of shares under the equity purchase agreement 354
Acquisition of miners through common stock   312
Conversion of Series C convertible preferred stock into common stock 28
Reclassification of deferred offering costs $ 70